2.3 million jobs created since 2014, President Uhuru says during #SONA2017

March 15, 2017

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President Kenyatta at the Volkswagen assembly plant in Thika/FILE

By KEN MACHARIA, NAIROBI, Kenya, Mar 15 – President Uhuru Kenyatta has said the economy created 2.3 million jobs in the last four years.

In his State of the Nation address, the President said Kenya had attracted international investments including 1,532 major companies setting up shop in the country.

He cited the Volkswagen plant in Thika, Wrigleys Sh6 billion factory in Machakos and an aluminum can manufacturing plant in Sultan Hamud as examples of foreign direct investments since 2013.

“This compared to less than 40 often quoted companies that have either relocated for corporate strategic reasons or downsized and closed due to lack of competitiveness,” said President Kenyatta.

Without elaborating on the sectors that created the jobs, the President said the Government is committed to creating the right environment to attract investment.

” That investment, in turn, will lead to jobs and end to poverty. It will bring new economic opportunities across the country especially to previously marginal areas. I assure every Kenyan that all the funds borrowed will continue to be put to good use,” added the President.

He cited the World Bank’s report on ease of doing business which has ranked Kenya as the 3rd most improved country globally for two years in a row.

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KEN MACHARIA @Kenmacharia is the business and tech editor at CapitalFM. He holds a Bachelors Degree in Communication from the University of Nairobi and has six years experience in media.